MTU and General Electric jointly develop innovative repair processes

MTU has teamed up with GE Aviation, an operating unit of General Electric (GE), to develop new repairs for GE engine components. The two companies have concluded a Component Repair Development Agreement to form the basis of their cooperation. The transatlantic cooperation is not restricted to specific GE engine types, nor to specific GE engine assemblies. The agreement is for a term of ten years. It also provides that the new repair procedures jointly developed will be approved as OEM repairs and marketed by GE.

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EADS reports first half-year results

EADS reported that its half-year 2009 results demonstrate that the Group is still performing well across its businesses. EADS continues to actively monitor its customer base and its order book of more than EUR 390 billion. The order intake of EUR 17.2 billion reflects the slowdown in the commercial sector. Revenues stood at EUR 20.2 billion, EBIT before one-off at EUR 1.3 billion. EADS

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TransDigm acquires Acme Aerospace

TransDigm Group Incorporated announced that it has acquired the stock of Acme Aerospace from a subsidiary of Actuant Corporation, for approximately $40 million in cash. Acme supplies proprietary, highly engineered components to the commercial aerospace industry. Acme has annual revenues of approximately $18 million and employs approximately 90 people in its Tempe, Arizona facility. Acme produces fibrous nickel cadmium (FNC) main ship batteries, battery chargers, battery back-up systems and power conversion equipment. The majority of the company’s revenues are attributable to the Boeing 777 program. Other platforms include a range of Boeing aircraft such as the B737, B747, B757, B767 Read more

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Garmin reveals G500 all-glass cockpit for part 23 class I/II aircraft

Garmin International a unit of Garmin Ltd a global leader in satellite navigation, announced the G500, a new avionics suite designed specifically for Part 23 Class I and Class II aircraft, which are defined as single and twin-engine piston and turbine engine aircraft under 6,000 pounds. The G500 is similar in design to Garmin

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Hawker Beechcraft announces launch of Beechcraft King Air C90GTx

Hawker Beechcraft Corporation (HBC) announced the launch of the new Beechcraft King Air C90GTx . The new C90GTx features enhancements to both payload and performance while remaining one of the greenest and most efficient aircraft available. The C90GTx marks the eighth major King Air upgrade the company has introduced since 2003.

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Saudi order for three additional A330 MRTT Tankers

The Saudi Ministry of Defence and Aviation (MODA) has ordered three additional A330 Multi Role Tanker Transport (MRTT) for the Royal Saudi Air Force, bringing its total order to six aircraft. Saudi had signed a first contract for three back in 2008. Deliver of the first aircraft is due in 2011. The six aircraft will be configured with hose and drogue under-wing pods and the Airbus Military Air Refuelling

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Honeywell reports second quarter sales of $7.6 billion

Honeywell announced second quarter 2009 sales of $7.6 billion versus $9.7 billion in the second quarter of 2008 and earnings of $0.60 per share, compared to $0.96 per share in the second quarter last year. Cash flow from operations was $1,126 million versus $1,042 million in the second quarter of 2008 and free cash flow (cash flow from operations less capital expenditures) was $1,009 million, compared to $853 million in the second quarter of last year.

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SIA Engineering posts group profit of $45.1 million for 1st quarter 2009-10

SIA Engineering recorded a profit attributable to equity holders of $45.1 million, a decrease of $13.6 million or 23.2% from the same quarter last year. The Group operating profit of $12.3 million was $4.1 million or 25.0% lower compared to the first quarter last year. Revenue declined $6.0 million or 2.4% to $244.2 million mainly due to lower airframe maintenance and component overhaul work. The decrease was partially mitigated by an increase in rectification and cabin maintenance work in Line Maintenance, and higher revenue from material usage.

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Triumph Group names Jeffry D. Frisby President and COO

Triumph Group announced that Jeffry D. Frisby, Group President, Triumph Aerospace Systems Group, has been named President and Chief Operating Officer of the company. Richard C. Ill, currently President and Chief Executive Officer, has been appointed Chairman and will continue to serve as Chief Executive Officer of Triumph Group. David Kornblatt, currently Senior Vice President and Chief Financial Officer, has been promoted to Executive Vice President and Chief Financial Officer.

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